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we look like at the fiscal cliff, the house republicans are meeting to chart a way forward. the senate passed legislation with overwhelming support this morning. the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it back to the senate. meantime, house democrats are demanding a straight up-or-down vote on what came over from the senate. the late-breaking developments leaving the automatic spending cuts and tax increases tied to the fiscal cliff still in play right now. in a desperate race against a different clock, we have another free-flowing, fluid situation tonight. likely a lot of breaking news from capitol hill. we begin with fox tea
we look like at the fiscal cliff, the house republicans are meeting to chart a way forward. the senate passed legislation with overwhelming support this morning. the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live...
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fiscal cliff talks. critical time, really in the next hour or so, whether or not we'll have this deal. diane? >> rich if they do amend it and send it to the senate. the senate is scheduled to return at noon tomorrow. thursday at noon there is new congress this whole thing expires. how realistic they get something done and they do amend it and send it to the senate? >> exactly the senate would have to take it up tomorrow. one you play with the proposal, once remove smallest piece of this, democrats say republicans are going back on their deal. senate minority leader mitch mcconnell and vice president biden negotiated details. senators feel if they change it, they are going back on the deal. republicans in the house said they never signed off on the deal, it was between the senate minority leader mitch mcconnell and the vice president and should be able to work its will and change the proposal. diane, as you pointed out they have to get something done through both houses of congress by january 3rd at noon.
fiscal cliff talks. critical time, really in the next hour or so, whether or not we'll have this deal. diane? >> rich if they do amend it and send it to the senate. the senate is scheduled to return at noon tomorrow. thursday at noon there is new congress this whole thing expires. how realistic they get something done and they do amend it and send it to the senate? >> exactly the senate would have to take it up tomorrow. one you play with the proposal, once remove smallest piece of...
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. ♪ >>> house republicans staged a new year's day revolt against the senate bill to avoid the fiscal cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m. house democratic leader nancy pelosi attempted to put pressure on tonight. she posted this on twitter saying quote, strong majority of house democrats support the bipartisan senate bill that passed 89-8. confident it will pass and speaker boehner allows an up or down vote. and republicans like congressman jack kingston of georgia blame the senate for a hastily written bill. >> it was way past those senators' bedtime. they were blurry eyed when they were reading it. we're trying to fill in the g
. ♪ >>> house republicans staged a new year's day revolt against the senate bill to avoid the fiscal cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier...
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that is a clear signal that republicans in the house are taking us right over the fiscal cliff. i wished the entire republican caucus was as reasonable as the colleague of mine and friend who is standing right next to me who is a very conservative republican but a very practical common sense republican. if his colleagues would listen to him, we would be in decent shape here. right now the problem in the republican caucus and the house is compromise has bng a dirty word. as you indicated there things in this bill that i don't like. there are things in this bill that i don't like. but i recognize that none of us get to have things 100% of our way. and the difference between divided government and dysfunctional government is a willingness to compromise. and compromise is in very short supply today in the house republican caucus. >> suarez: representative van hollen you heard your colleague tom cole talk about deep misgivings inside the republican caucus. aren't there members of your party who are not overjoyed with what came out of the senate last night? where the dividing lines am
that is a clear signal that republicans in the house are taking us right over the fiscal cliff. i wished the entire republican caucus was as reasonable as the colleague of mine and friend who is standing right next to me who is a very conservative republican but a very practical common sense republican. if his colleagues would listen to him, we would be in decent shape here. right now the problem in the republican caucus and the house is compromise has bng a dirty word. as you indicated there...
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the back for avoiding the fiscal cliff. much't know how congratulation we ought to have for that. yesterday i was buying some groceries, and the guy at the checkout stand had no idea who i was, and should not have. he said, what is going on on capitol hill? what are those people doing? we ought to fire everybody in congress. they cannot get their work done. we have to get our work done. they don't have to get their work done. he made a good point. it is down to the level of gross restore check out people, and i suspect other levels than that. people are tuned into the news media or entertainment media. they call it the fiscal cliff, so that it appears to be in niagara falls with money running over it. more of a gradual slope, but we have to stop this downward slope that we are on. it is important that we do that. this is the body that can do that. congress can do that. we do a war of words around here, this protecting the ridgc. h the problem goes into the definition of rich, and that is a hard one to explain. any attempt t
the back for avoiding the fiscal cliff. much't know how congratulation we ought to have for that. yesterday i was buying some groceries, and the guy at the checkout stand had no idea who i was, and should not have. he said, what is going on on capitol hill? what are those people doing? we ought to fire everybody in congress. they cannot get their work done. we have to get our work done. they don't have to get their work done. he made a good point. it is down to the level of gross restore check...
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i'm richard lui, you're watching msnbc's continuing coverage of the fiscal cliff deal. eric cantor emerging from a meeting saying he does not support the senate-passed bill. house speaker bonn janer is not likely to bring the senate bill to the floor without changes is what we're hearing and in a statement boehner's spokesman said the speaker and leader laid out options to the members and listened to feedback. the lack of spending cuts in the senate bill was our universal concern amongst members in today's meetings. conversations will continue throughout the afternoon on the path forward. outgoing republican congressman steven latourette told nbc's luke russert the senate bill did not stand much of a bill in the house. take a listen. >> i think it's a little unreasonable for senator reid to say that something they produced on new year's eve, produced by a bunch of sleep-deprived octogenarians is what we should adopt within 48 hours. >> laetset's bring in mike viqu. we understand there have been meetings throughout the afternoon. >> reporter: the future of this bill, the
i'm richard lui, you're watching msnbc's continuing coverage of the fiscal cliff deal. eric cantor emerging from a meeting saying he does not support the senate-passed bill. house speaker bonn janer is not likely to bring the senate bill to the floor without changes is what we're hearing and in a statement boehner's spokesman said the speaker and leader laid out options to the members and listened to feedback. the lack of spending cuts in the senate bill was our universal concern amongst...
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our big story, america has gone over the fiscal cliff. now the country awaits a vote in congress. >> there was a plan from the senate, but the republican- controlled house has yet to vote on the deal. jennifer johnson has the details. >> a tense new year for house speaker john boehner as he meets with fellow republicans over whether to ok the fiscal cliff bill passed overwhelmingly by the senate. >> gop leaders have not agreed to allow the house to vote or amended the bill. >> i think more members want this to pass them and are willing to vote for it. you have to be practical about what is the best thing you can do given the circumstances. >> vice president joe biden back >> vice president joe biden back on the hill
our big story, america has gone over the fiscal cliff. now the country awaits a vote in congress. >> there was a plan from the senate, but the republican- controlled house has yet to vote on the deal. jennifer johnson has the details. >> a tense new year for house speaker john boehner as he meets with fellow republicans over whether to ok the fiscal cliff bill passed overwhelmingly by the senate. >> gop leaders have not agreed to allow the house to vote or amended the bill....
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cliff. technically we've gone over the cliff. doesn't feel any different. >> doesn't feel different. they did a clever thing which i haven't thought of is today there is no stock market. there's a holiday. remember for the package that in the days of the bush administration, the market went down over 700 points and all of a sudden they found religion and they passed something. there is no market today. so we don't have the injury or pain but tomorrow there will be and believe me, if there is no deal and it doesn't vote favorably in the house and the president doesn't sign the bill, watch the stock market. >> is this whatever happens do you get the sense, this is going to be a short-term solution until we get to this february debt ceiling? >> oh, absolutely. the debt ceiling is going to make this look like kindergarten. >> fox 5 political analyst. >> another big story we are following don't same sex marriage in maryland it's now officially legal for couples to wed. and what a way to start the
cliff. technically we've gone over the cliff. doesn't feel any different. >> doesn't feel different. they did a clever thing which i haven't thought of is today there is no stock market. there's a holiday. remember for the package that in the days of the bush administration, the market went down over 700 points and all of a sudden they found religion and they passed something. there is no market today. so we don't have the injury or pain but tomorrow there will be and believe me, if there...
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the fiscal cliff deal approvaled overwhelmingly faces strong opposition by house republicans. in fact, the number two house republican leader says he does not support it and now a new deadline threatens to send it back to the drawing board. and dana bash is on capitol hill. dana, what is the latest as far as the republican majority in the house is concerned? >> reporter: the latest, wolf, is that republicans will reconvene and have a second meeting in 15 minutes. down this hall, house republican leaders are still huddling but they announced that they are going to call republicans back together. perhaps that is because they have an idea of the the game plan that they want to pursue after they heard for about an hour and a half this afternoon from their rank and file by all accounts there certainly is a lot of interpret pi dags and voting to simply approve what the senate passed last night not only overwhelmingly, 90% of the senate voted for it, but it passed overwhelmingly among the fellow republicans. again, the percentage is about 90% of senate republicans voted in favor of t
the fiscal cliff deal approvaled overwhelmingly faces strong opposition by house republicans. in fact, the number two house republican leader says he does not support it and now a new deadline threatens to send it back to the drawing board. and dana bash is on capitol hill. dana, what is the latest as far as the republican majority in the house is concerned? >> reporter: the latest, wolf, is that republicans will reconvene and have a second meeting in 15 minutes. down this hall, house...
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cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all over again on thursday with the 113th congress? nbc's luke russert has been reporting for us and he was speaking with members early and heard from one member, luke, and i found this very interesting, you said that that member told you that was in the room for one of the meetings in the conference, 40 members spoke up, 37 spoke out against the plan, and 3 spoke for it. who are those three? who might they be? and what is the sentiment they have that they're so brave as it sounds to be one of the few? >> reporter: well, with h
cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all...
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okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for come prom ties house went into session at noon. the r
okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over...
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. >>> breaking news, house republicans have just wrapped up a meeting to discuss the fiscal cliff deal worked out by vice president joe biden and senate m minority leader mitch mcconnell. the deal which passed overnight will see income taxes rise on individuals making over $450,000 a year, and families making over $550,000 a year. let's listen in now as house democrats speak. >> caucus meeting which -- in which the vice president not only roused the entire membership, but also gave us a very thoughtful and detailed explanation of what's gone on, and how it was that he and the president working with the democratic and republican leaders in both houses were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious. quite honestly, so frank in his conversation with us in explaining as much as he could about what's transpired over the last several weeks. we now are waiting to hear from our republican colleagues, whether or not they want to do what the senate did in a very bipartisan fashion and give the men people an opportunity to
. >>> breaking news, house republicans have just wrapped up a meeting to discuss the fiscal cliff deal worked out by vice president joe biden and senate m minority leader mitch mcconnell. the deal which passed overnight will see income taxes rise on individuals making over $450,000 a year, and families making over $550,000 a year. let's listen in now as house democrats speak. >> caucus meeting which -- in which the vice president not only roused the entire membership, but also...
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we can either move forward in a bipartisan way, hand in hand, to avert the fiscal cliff or our republican colleagues could help lead us off that cliff. we hope that's not the case. >> questions? >> if i can ask -- >> i think you were first. >> can i just ask what are your spies on the other side in a sense telling you how it is going over there? you have to count heads with them as well. >> i am not stipulating to any charktization to any information we receive from our friends in the press. i really have no idea. >> -- to try to prove this. what are you hearing from the other side? >> i think your question is better addressed to the republicans coming out of their conference. we just came out of ours, and we know what you tell us as to what is coming out of theirs. >> we haven't had an opportunity to talk to their leadership at this point in time. >> you said a moment ago you would prefer a straight up or down vote on that. >> absolutely. >> is that because of the time, or is that because it is a deal brokered by the vice president? >> no, it was a bill that was passed in the united stat
we can either move forward in a bipartisan way, hand in hand, to avert the fiscal cliff or our republican colleagues could help lead us off that cliff. we hope that's not the case. >> questions? >> if i can ask -- >> i think you were first. >> can i just ask what are your spies on the other side in a sense telling you how it is going over there? you have to count heads with them as well. >> i am not stipulating to any charktization to any information we receive...
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we can either move forward in a bipartisan way, hand in hand over the fiscal cliff, or our republican colleagues can help lead us off that cliff. hope that is not the case. >> can i just ask what are your spies on the other side in essence telling you what is going on over there because you have to count heads with them as well? >> and not stipulating to any characterization of any information we received. [laughter] i really have no ideas. >> getting them to try to prove this, what are you hearing from the other side, anything? >> what your question is better addressed to the republicans coming out of their conference. we just came out of hours and we know what you tell us as to what is coming out of their caucus. >> we have not had an opportunity to talk to the leadership at this point. >> you have said you preferred a straight up or down vote, is that because of the time were that because of the vice president? >> it was a bill passed in the united states senate 89-8. tell me when you have had that on a measure as controversial as this. >> they had troubles with that one almost to
we can either move forward in a bipartisan way, hand in hand over the fiscal cliff, or our republican colleagues can help lead us off that cliff. hope that is not the case. >> can i just ask what are your spies on the other side in essence telling you what is going on over there because you have to count heads with them as well? >> and not stipulating to any characterization of any information we received. [laughter] i really have no ideas. >> getting them to try to prove...
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house speaker john boehner is promising a quick vote on the "fiscal cliff" bill passed early this morning in the senate or an amended alternative. boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house. vice president joe biden negotiated the deal with senate republicans over the weekend. the agreement makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones harsh across- the-board spending cuts for a few months. >> this shouldn't be the model for how we do things around here, but i think we can say we've done some good for the country. >> middle class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: president obama praised the senate agreement and urged the house to act without delay. capitol hill is quiet right now after an unprecedented late night. normally these halls would stay empty on new year's day but both the house and senate are in session with billions of dollars in spending cuts and tax increases on t
house speaker john boehner is promising a quick vote on the "fiscal cliff" bill passed early this morning in the senate or an amended alternative. boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house. vice president joe biden negotiated the deal with senate republicans over the weekend. the agreement makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones...
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>>> as we continue to keep an eye on the fiscal cliff, the republicans continue to meet behind closed doors, a meeting described as a bit noisy and excited. the democrats just finished their meeting with vice president joe biden. that was described as an evangelical meeting. still unclear whether a vote by the house will take place on the bill that was passed by the senate or whether in fact they will amend it and send it back to the senate. joining us from washington, bob cusack, the managing editor of the online journal the hill. and, so, bob what is the latest word you have as to what is going on and whether in fact john boehner can get his people together to vote for this? >> well, it is going to be very difficult. house republicans don't like the senate passed bill, even though it passed 89-8. it looks like the house will pass something to return it back to the senate. they'll amend it in some way, it looks like, because they don't like this $4 trillion price tag that just came out over the last ten minutes, cbo just released that. and this is just a tough vote for house conserva
>>> as we continue to keep an eye on the fiscal cliff, the republicans continue to meet behind closed doors, a meeting described as a bit noisy and excited. the democrats just finished their meeting with vice president joe biden. that was described as an evangelical meeting. still unclear whether a vote by the house will take place on the bill that was passed by the senate or whether in fact they will amend it and send it back to the senate. joining us from washington, bob cusack, the...
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on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that is just one example. we've got to have oversight and planning. we've got to do something that will not have long-range negative impacts. we've got to control spending. it is not a democrat or republican gain. we have to be realistic about what we are spending our money on. host: marla in missouri. go ahead. caller: a couple of things. the last few callers are right. it is not a democrat or republican. it is the whole cabinet. the thing that gets me is that ronald reagan did are all the money from social security. i am one of those people. i'm also on social security now
on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that...
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i think they'll tell you another story. >> fellow republicans discuss the fiscal cliff deal. sheila jackson from texas was in the room with the democrats. she joins me now. congresswoman. happy new year. >> happy new year, chris, to you, and happy new year to mesh. >> well, i know you ducked out of the meeting, but can you give us a sense of what it was like in that room? >> i certainly can. first of all, let me thank president obama and vice president biden working as a team on behalf of the american people and for showing the extent of patience that they've had to show over these last couple of months and certainly since august of 2011. there's about an a great deal of patience, and i think as the meeting has begun with the vice president he was appropriately respectful of how challenging an effort this was, but more importantly, how important this was for the american people and the trust that was given to him by the president and leader reid to engage with jord leader mcconnell who had heretofore, if you will, joined with the chorus of naysayers not wanting to do figure.
i think they'll tell you another story. >> fellow republicans discuss the fiscal cliff deal. sheila jackson from texas was in the room with the democrats. she joins me now. congresswoman. happy new year. >> happy new year, chris, to you, and happy new year to mesh. >> well, i know you ducked out of the meeting, but can you give us a sense of what it was like in that room? >> i certainly can. first of all, let me thank president obama and vice president biden working as a...
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a lot of people speak passionately, i assume about the fiscal cliff before the republican convene in a smaller group. >> reporter: the house convened at 12:00 and what happens when the house convenes, every day they have what's called one-minute speeches. this is one of the opportunities for members of congress to come and say their peace and say what's on their mind and they have one minute. i'm sure what is on all members' mind at this point how they feel about the fiscal cliff deal. >> looking at live pictures of that taking place there. we'll bring you back to get behind the scenes from the gym but also from the floor and whether or not there's anything that's going to come of these meetings, whether or not there's a vote on the house side. there were eight senators who voted against that compromise measure, the opposition coming from both parties yet senate democrats tom harkin, tom carper and michael bennet voting no. so did mike lee, richard shelby, rand paul, chuck %a#zgrassley, o rubio, a tiny minority. the senate passed the fiscal cliff deal with an overwhelming bipartisan
a lot of people speak passionately, i assume about the fiscal cliff before the republican convene in a smaller group. >> reporter: the house convened at 12:00 and what happens when the house convenes, every day they have what's called one-minute speeches. this is one of the opportunities for members of congress to come and say their peace and say what's on their mind and they have one minute. i'm sure what is on all members' mind at this point how they feel about the fiscal cliff deal....
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. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time. both parties undoubtedly laying the groundwork for the fiscal cliff showdown that will unfold between its 435 house members. one of those members is democratic congressman from michigan. he's kind enough to join me. thank you for being with us today. first of all, if you could get me up to speed on the decision to make a decision v you heard anything about the possibility there might be a vote today with your members? >> i haven't heard directly. i think there will be. i think the vote last night in the senate set the stage. it was overwhelming. we're going to have a caucus democrats and republicans will
. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time....
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is the most important meeting of the entire fiscal cliff saga. why and what can we expect to happen? >> it's the most important meeting, mara, because there is a chance, not saying it's a great chance, but a very -- it is very alive if you will that this bill could be struck down. the house republican conference is not totally sold on it. why? some conservative outside groups are against it. a lot of folks in the house republican caucus come from republican districts and are always worried about a primary challenger. speaker boehner, eric cantor have not been overly supportive so far. they reserve the right to amend it. there are three options. we could all hold hands and jump off into the deep end together. that would be the house republican conference approving of this bill, at least enough of them joining the democrats to move it forward. you could also see house republicans try to amend it. that's what tom cole is talking about on your air. he doesn't think that would happen and doesn't want that to happen but it certainly is a possibility if
is the most important meeting of the entire fiscal cliff saga. why and what can we expect to happen? >> it's the most important meeting, mara, because there is a chance, not saying it's a great chance, but a very -- it is very alive if you will that this bill could be struck down. the house republican conference is not totally sold on it. why? some conservative outside groups are against it. a lot of folks in the house republican caucus come from republican districts and are always...
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thank you for joining us. >> thank you. >> as the details of the fiscal cliff deal were coming together monday republicans were expressing their displeasure with how the president was selling the compromise. it wasn't just the words he used at a monday afternoon news conference but the optics of the president literally standing with the middle class voters that upset some of them including his 2008 opponent senator john mccain. >> as i sort out my impressions of the president's remarks as to whether to be angry or to be saddened. we have the president of the united states go over and have a cheerleading, ridiculing of republicans exercise. >> joining us now are our strats chris cofinas and chip salzmann. thank you for being here on this new year's day. >> thank you. so, chris, i want to start with you. are these attacks on the president's news conference fair? did that photo op with voters really risk derailing a deal? >> well, there have been a lot of things that risk derailing a deal. the president going out there and using the bully pulpit to pressure republicans if you will to come
thank you for joining us. >> thank you. >> as the details of the fiscal cliff deal were coming together monday republicans were expressing their displeasure with how the president was selling the compromise. it wasn't just the words he used at a monday afternoon news conference but the optics of the president literally standing with the middle class voters that upset some of them including his 2008 opponent senator john mccain. >> as i sort out my impressions of the...
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as the nation was heading for the fiscal cliff, here is the senate republican leader's closing argument. >> each of us could spend the rest of the week discussing what a perfect solutioning would have looked like, but the end result would have been the largest tax increase in american history. the president wanted tax increases, but thanks to this imperfect agreement, 99% of my constituents will not be hit by those hikes. >> reporter: and you expect to hear that argument a lot in the coming hours as people try to sell this over in the house. house republicans voted to extend all the bush tax cuts, but harry reid never took that up. and so this is the only vehicle possible to avoid a massive tax hike for the entire country, rick. rick: well, we'll see what happens over the next several hours, and i have a feeling you and i will be talking again throughout the day. happy new year to you, mike. see you again soon. heather: that final deal was hashed out by senate minority leader mitch mcconnell and vice president joe biden. here's the vice president on capitol hill last night just before t
as the nation was heading for the fiscal cliff, here is the senate republican leader's closing argument. >> each of us could spend the rest of the week discussing what a perfect solutioning would have looked like, but the end result would have been the largest tax increase in american history. the president wanted tax increases, but thanks to this imperfect agreement, 99% of my constituents will not be hit by those hikes. >> reporter: and you expect to hear that argument a lot in...
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we need to put aside this legislation and take up the fiscal cliff legislation immediately. the senate has done its work and now it is our responsibility. the one thing we should not do is to let the market open tomorrow without the fiscal cliff being resolved. as i listen to my good friend, mr. fitzpatrick, talk about this provision with regard to making sure that members of congress not get their -- get a pay increase, i agree with him totally, i hope he will also join me when i vote for the legislation that has been sent over here by the senate since it contains that very, very important provision. with that i want to thank again the gentleman for yielding. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman reserves. gentleman from california. mr. issa: mr. speaker, the ranking member made a good point and in this body you should always go along with that which is true and oppose that which is false. the gentleman made an excellent point. we do have hundreds of thousands of hardworking federal employees. they deliver to the american people a g
we need to put aside this legislation and take up the fiscal cliff legislation immediately. the senate has done its work and now it is our responsibility. the one thing we should not do is to let the market open tomorrow without the fiscal cliff being resolved. as i listen to my good friend, mr. fitzpatrick, talk about this provision with regard to making sure that members of congress not get their -- get a pay increase, i agree with him totally, i hope he will also join me when i vote for the...
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what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could -- to complicate things more, eric canter has said they are not sure if they will vote on it today. we're just waiting to see what happens. let's talk about last night. vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both worthed together very closely to work out -- worked together to work out this compromise. and we now know that individuals making more than 400,000 and families making more than $450,000 will see their taxes go up. and while those automatic spending cuts are delayed until the beep ginning of march, the cost -- beginning of march, the cost of the delay, $24 billion. they will pay for that with spending cuts and new revenue that will all offset the -- the cost of delay. 89-8 an overwhelming vote. one other piece of information we also know that vice president biden will be back on the hill. he will
what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could -- to complicate things more, eric canter has said they are not sure if they will vote on it today. we're just waiting to see what happens. let's talk about last night. vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both...
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♪ >>> back to the fiscal cliff. all but five republican senators voted to pass the bill put together by senator mcconnell and vice president biden last night. among those voting in the affirmative, north dakota's republican senator john hoeven. senator hoeven, thank you for joining me. happy new year. >> happy new year, chris. >> you talked about the possibility for tax reform and social security reform. are you disappointed the senate couldn't come up with a bigger deal? >> i was pushing hard for a big deal that included tax reform, entitlement reform and savings, real savings to get on top of the deficit and the debt. but you know, we can't do the whole thing at once, let's get as much done as we can. we've got to move forward. this is a big step on the tax piece. more work to do. we've got to get after it. >> you're one of just a handful of congressional republicans who did not sign the norquist antitax pledge, but do you think that the fact that we technically went over the cliff gives house republicans who have
♪ >>> back to the fiscal cliff. all but five republican senators voted to pass the bill put together by senator mcconnell and vice president biden last night. among those voting in the affirmative, north dakota's republican senator john hoeven. senator hoeven, thank you for joining me. happy new year. >> happy new year, chris. >> you talked about the possibility for tax reform and social security reform. are you disappointed the senate couldn't come up with a bigger deal?...
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fiscal cliff. the senate overwhelmingly passed the compromise measure earlier this morning and business correspondent christine romans is crunching the numbers to answer the big question, what does it mean to you? christine? >> oh it means so much to you whether you're a doctor or a teacher, a student, a parent, or working american or someone on unemployment benefits, this is a deal that reaches all corners of the population. in addition to dealing with the fiscal crisis, the senate deal would extend federal farm policies through september. that means milk prices won't double. the deal also nixed a set pay raise for members of congress. the white house scored an agreement to raise the tax rates on larger estates from 35% to 40%, but republicans successfully insisted the exemptions should be adjusted annually for inflation a provision that would increase the exemption amount to $7.5 million for individuals, $15 million for couples by the year 2020. those house holds would pay higher rates on investm
fiscal cliff. the senate overwhelmingly passed the compromise measure earlier this morning and business correspondent christine romans is crunching the numbers to answer the big question, what does it mean to you? christine? >> oh it means so much to you whether you're a doctor or a teacher, a student, a parent, or working american or someone on unemployment benefits, this is a deal that reaches all corners of the population. in addition to dealing with the fiscal crisis, the senate deal...
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we've been building up to this fiscal cliff and the deal finally came together late on new year's eve, and it took the vice president coming here to make the final sale to fellow democrats. biden had been negotiating with the top republican in the senate, and they've come together on a deal that keeps most people's taxes right where they have been, but it does set higher taxes for couples who will earn more than $450,000 a year. it will also put off for two months the across-the-board spending cuts that would have affected the military and most federal agencies. now, that will have an impact. it means that there will be future negotiations and likely future fights about how to deal with paying for a way to bring down the deficit by other kinds of cuts. that's been at the heart of this fight. now, today the house of representatives comes in, they cast a vote, and because the senate vote is so overwhelmingly bipartisan, 89-8, it's hoped that that will have influence in the house to at least get this deal done now with a chance to talk about some of these issues some more in the new cong
we've been building up to this fiscal cliff and the deal finally came together late on new year's eve, and it took the vice president coming here to make the final sale to fellow democrats. biden had been negotiating with the top republican in the senate, and they've come together on a deal that keeps most people's taxes right where they have been, but it does set higher taxes for couples who will earn more than $450,000 a year. it will also put off for two months the across-the-board spending...
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caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the senate floor. he said he one of the president to be a one-term president. the people voted obama back in. host: the minority leader, mitch mcconnell, has been negotiating with the vice president joe biden to come to some sort of agreement. what you make of that? caller: i'm talking about what mitch mcconnell said in the beginning. he did not want to work with this president. the want it to see him fail. they're hurting the american people by not helping obama. obama is good for the country, but people that listen to rush limbaugh, sarah palin, and fox news, that i
caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the...
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actually going over the fiscal cliff will help some republicans vote for a measure when maybe before they would have voted against it. some republicans up even though they are not on board, won't vote for this unless they have to. but i think john boehner wants more than 30 republicans to be on board with him. >> no doubt the case. brianna keilar in washington. looking for signs all morning about how this will go down. any smoke rising from the speaker's office, we know are you watching. >> let's dive into the senate deal. what it does on the business side. popular tax breaks extended, including a credit for research, which benefits high-tech companies and appear an investment rightoff that helps manufacturers. the long-term unemployed receives emergency benefits for another year. doctors spared a 27% cut in medicare reimbursements set to take effect in january. the $30 billion cost would be cut by cutting other health care programs. >> and tim huelkamp, you and i got into a little dustup last night. brand new year, 2013. let's start over again. happy new year to you, sir. >> happy n
actually going over the fiscal cliff will help some republicans vote for a measure when maybe before they would have voted against it. some republicans up even though they are not on board, won't vote for this unless they have to. but i think john boehner wants more than 30 republicans to be on board with him. >> no doubt the case. brianna keilar in washington. looking for signs all morning about how this will go down. any smoke rising from the speaker's office, we know are you watching....
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a deal to avoid the fiscal cliff has been reached following a marathon session yesterday into the early morning hours into the new year. >> the plan avoids tax hikes for millionaires but faces uncertainly -- excuse me tax hikes for millions. but the republican control house has their power. melanie is live on capitol hill with more on this story now. good morning. >> reporter: good morning, allison. we understand the house is going to start considering the legislation today but house speaker john boehner and erik canter sent out messages last night saying they will not put this up for a vote until they, their members and the american people have had a chance to review it. we understand that vote possibly could happen late today or perhaps wednesday. in the deal, approved by the senate, income tax rates will stay the same. individuals making $400,000 and $450,000 will see their taxes rise. and $109 billion in spending cuts to domestic programs has been delayed two months. and alternative minimum tax and payments to medicare providers. senators say it is a less than perfect plan but it's
a deal to avoid the fiscal cliff has been reached following a marathon session yesterday into the early morning hours into the new year. >> the plan avoids tax hikes for millionaires but faces uncertainly -- excuse me tax hikes for millions. but the republican control house has their power. melanie is live on capitol hill with more on this story now. good morning. >> reporter: good morning, allison. we understand the house is going to start considering the legislation today but...
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we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600 billion over the next ten years this is how senate leaders of both sides of the aisle are assessing the measure. >> i have said all along, the most important priority is protecting middle class families. >> this suhouldn't be the model for how we do things. but we can say we've done some good for the country. >> bush era tax cuts will remain in place for individuals earning less than 400,000, couples earning less than 450,000. unemployment benefits for 2 million americans would be extended for a year. the alternative minimum tax perma
we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600...
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juliet: coming up, are republicans likely to agree to the fiscal cliff deal? the senate has just put on the table? we'll talk to our senior capitol hill editor chad pergram up next. lawmakers have bans on plastic water bottles. business owners will pay the price. they're not happy about this. we'll be right back. ♪ . excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. because for every 2 pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ juliet: well-come back. 22 minutes past the hour. some quick headlines. everybody get ready to pay more in taxes. five new taxes g
juliet: coming up, are republicans likely to agree to the fiscal cliff deal? the senate has just put on the table? we'll talk to our senior capitol hill editor chad pergram up next. lawmakers have bans on plastic water bottles. business owners will pay the price. they're not happy about this. we'll be right back. ♪ . excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my...
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new to avoid thh fiscal cliff. 3 3 happy ewwyear!it's tuesday, january first.... 2013! 3 3 same sex couples usher in the new year...as a newlyweds! newlyweds!starting today... new year's day will have new right to marry. marry.at city hall... many gay marriage offically becomes legal in maryland.mayor stephanie rawlings --laae officiated the ceremony or a couple who had been together for 30 years.she says... it was an emotional night. incredibly meaningful night... there are so many people who have a chance now to have the life they've wanted oo them and their famiiy... that we chose equality overrhate. hate. sameesex couples in maryland have been able to get marriaae liccnses since december 6th, bbt they did not eeeffect untii this morniin. 33 in the eleventh hour.... the senate passes a bill to 89-8 vote. presiddnt n obama says the agreement is ccuntry" as patti ann r browne repoots... now thh legislation moves n to the house where it's future pncertain.certaii..- (pkg) sennte overwhelmingly in favor of leggslation to avert the fiscal cliff. vice president joe biden i
new to avoid thh fiscal cliff. 3 3 happy ewwyear!it's tuesday, january first.... 2013! 3 3 same sex couples usher in the new year...as a newlyweds! newlyweds!starting today... new year's day will have new right to marry. marry.at city hall... many gay marriage offically becomes legal in maryland.mayor stephanie rawlings --laae officiated the ceremony or a couple who had been together for 30 years.she says... it was an emotional night. incredibly meaningful night... there are so many people who...
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so it is not so much going over the fiscal cliff as it is sort of just taking our foot off the gas for a while. and certainly one of the more memorable ways to ring in the new year for senators and their staffs here on capitol hill, the deal-making continued well into the night. the votes coming around 2:00 this morning. the bill passed 89-8. house speaker john boehner and his leadership team say they need to review the senate bill before they're going to put it up for a vote. now, that could happen late today or perhaps wednesday. in the deal approved by the senate, income tax rates will stay the same for most americans. individuals making $400,000 and coupled making $450,000 will see their taxes rise and the planned $24 billion in spending cuts to defense and defense tick programs have been delayed for two months. senators say it is a less than perfect plan but it's start. >> we don't think taxes should be going up on anyone but we all knew that, if we did nothing, they would be going up on everyone today. we weren't going to let that happen. each of us could spend the rest of the we
so it is not so much going over the fiscal cliff as it is sort of just taking our foot off the gas for a while. and certainly one of the more memorable ways to ring in the new year for senators and their staffs here on capitol hill, the deal-making continued well into the night. the votes coming around 2:00 this morning. the bill passed 89-8. house speaker john boehner and his leadership team say they need to review the senate bill before they're going to put it up for a vote. now, that could...
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while we technically have gone over the fiscal cliff, some last-minute arm twisting and negotiations may have provided a parachute. don't stop popping the champagne just yet. after days of intense negotiations, the white house and senate republicans reached a deal. vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million people. and automatic spending cuts that go into effect will be postponed for two months and paid for by other spending cuts. the house could take up the deal tomorrow. taxpayers would have felt the impact of the fiscal cliff immediately. if the deal passes, the average american family would avoid a tax increase of more than $3,400. a white house official said this is a compromise, so we don't love it but it's the r
while we technically have gone over the fiscal cliff, some last-minute arm twisting and negotiations may have provided a parachute. don't stop popping the champagne just yet. after days of intense negotiations, the white house and senate republicans reached a deal. vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would...
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we're playing the waiting game right now here, waiting to see if the fiscal cliff deal worked out between vice president joe biden and senate republicans can pass in the house of representatives. later today. late last night, really early this morning, the republican leadership in the house released this statement. 9 house will honor its commitment to consider the senate agreement if it's passed. decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members, and the american people, have been able to review the legislation. all right, ron myer is a spokesman for the conservative group american majority action. his group suggested speaker boehner resign for proposing his plan "b." that was awhile ago right now. he joins us now this morning. ron, i should say, we've had you on the show a number of times. one of the last times we had you on you correctly predicted very early that plan "b" was not going to pass in the house. that was the measure that speaker boehner proposed a few weeks ago. so i want to ask you today, as we're headin
we're playing the waiting game right now here, waiting to see if the fiscal cliff deal worked out between vice president joe biden and senate republicans can pass in the house of representatives. later today. late last night, really early this morning, the republican leadership in the house released this statement. 9 house will honor its commitment to consider the senate agreement if it's passed. decisions about whether the house will seek to accept or promptly amend the measure will not be...
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a fiscal cliff deal has been reached by the senate. this after members approved the deal early this morning in an 89-8 vote. >> the bill now heads to the house where its future in the republican-controlled body remains uncertain. melanie alnwick is live on capitol hill this morning with the latest on this situation. good morning to you. >> reporter: good morning to you. the deal making continue well into the night with the vote coming at 2:00 in the morning. as you said, the vote -- the bill passed 89-8. shortly after the vote, president obama said while neither decembers nor republicans got everything they wanted, this agreement is the right thing to do for our country and the house should pass it without delay. now, house speaker john boehner and his leadership team say they need it review the bill before putting it up for a vote. that could happen late today or perhaps wednesday. in the deal approved by the tonight, income tax rates will stay the same for most americans. individuals making $400,000 and couples making $450,000 will s
a fiscal cliff deal has been reached by the senate. this after members approved the deal early this morning in an 89-8 vote. >> the bill now heads to the house where its future in the republican-controlled body remains uncertain. melanie alnwick is live on capitol hill this morning with the latest on this situation. good morning to you. >> reporter: good morning to you. the deal making continue well into the night with the vote coming at 2:00 in the morning. as you said, the vote --...
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passage is not at all certain. >> reporter: the fiscal cliff deal was down to the wire so why do you think lawmakers baited until the last minute? we've already gotten a lot of feedback on our facebook page about this topic. >> amy says nobody wants to compromise. they forgot what they learned in kindergarten, if you can't say anything nice, don't say anything at all and share with each other. >>> another big story we are following, gay marriage ceremonies are under way in maryland. some same-sex couples rang in the new year by taking their vows. they were able to get marriage licenses in the free state for about three weeks but the new law didn't go into effect until the strike of midnight in the new year. dozens of same-sex weddings are dead you would for today. that includes someone some at city hall in baltimore and a mass wedding event at the back walnut point inn. >>> maryland is allowing parents to freeze their child's credit in an effort to prevent identity theft. in virginia, it will be harder for state and local governments to take property in the name of eminent domain. >>
passage is not at all certain. >> reporter: the fiscal cliff deal was down to the wire so why do you think lawmakers baited until the last minute? we've already gotten a lot of feedback on our facebook page about this topic. >> amy says nobody wants to compromise. they forgot what they learned in kindergarten, if you can't say anything nice, don't say anything at all and share with each other. >>> another big story we are following, gay marriage ceremonies are under way in...
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> w
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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and though we've now technically gone over the fiscal cliff, the senate is voting on a bipartisan compromise. the agreement which was hammered out by vice president joe biden and republican senate minority leader mitch mcconnell would extend tax breaks for people earning less than $400,000 a year or $450,000 for families. it would extend unemployment benefits for a year, and automatic federal spending cuts known as sequester will be delayed for two months and paid for with a combination of tax increases and spending cuts. as you can see, the motion that's taking place on the floor right now, that vote is taking place and we're waiting to hear what the results of that will be. now, in a meeting on monday, vice president biden spent 90 minutes selling the plan for senate democrats and he has said he is optimistic about the results of this and now we are waiting to see if it turns out that he was correct about that. we're joined now on the phone by congressional correspondent mike, who has a lot more insight into exactly what's taking place here. mike, happy new year to you. >> happy new year.
and though we've now technically gone over the fiscal cliff, the senate is voting on a bipartisan compromise. the agreement which was hammered out by vice president joe biden and republican senate minority leader mitch mcconnell would extend tax breaks for people earning less than $400,000 a year or $450,000 for families. it would extend unemployment benefits for a year, and automatic federal spending cuts known as sequester will be delayed for two months and paid for with a combination of tax...
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will senate republicans embrace the latest framework for a fiscal cliff deal? also how failure to get a fiscal cliff deal could lead to a mortgage rate free fall. "piles of money" coming up. ♪ [ male announcer ] how could switchgrass in arntina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we undetand the connections of a comple global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with cfidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. adam: in the mid of all the fiscal cliff frustration there is actually a silver lining. if your knew year's resolution to purchase a house you may be in luck. on again, off again deal may be pushing mortgage rates even lower. average fixed year is.35%, that is according to freddie mac. that may not be the bottom. with me team invements president and founder. we appreciate you be
will senate republicans embrace the latest framework for a fiscal cliff deal? also how failure to get a fiscal cliff deal could lead to a mortgage rate free fall. "piles of money" coming up. ♪ [ male announcer ] how could switchgrass in arntina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we undetand the connections of a comple global economy. it's just one reason over 75% of our mutual funds beat their...
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cliff is going to hit soon and this is the best deal we are quite yet. after that comment on the house republicans and house democrats that will need both of them to come up and vote for this thing, to get through on the house. the schedule is still a little murky. we don't know when the senate will vote on this. it will likely go first here in the senate, and then it is up to the house and the pressure is beginning to get signoff on this thing. >> that seems to be the big question. we have the video of the podium which is where we hope to get some kind of statement from someone in the senate. but it's the house leadership, nancy pelosi will have to sell liberal democrats on the idea. but eventually having to take place and then of course john boehner would have to sell house republicans on the fact that there may not be extension of cuts and they are going to be tax increases. >> exactly. and if you think of the alternative here, if liberal democrats don't like where the threshold is, they sit on their hands and get what they want and more and more. and
cliff is going to hit soon and this is the best deal we are quite yet. after that comment on the house republicans and house democrats that will need both of them to come up and vote for this thing, to get through on the house. the schedule is still a little murky. we don't know when the senate will vote on this. it will likely go first here in the senate, and then it is up to the house and the pressure is beginning to get signoff on this thing. >> that seems to be the big question. we...
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so that they're not giving up what the tax revenue could be from the fiscal cliff, in order to just let the republicans take a big chunk out of social security and medicare and without having to compromise further. >> what do you think about the fact that the house left for the night and will be back at noon tomorrow? but the senate really decided to stick this out. whether they vote or not, they're writing the bill right now. what was their incentive to stick around and try to hammer this thing tonight? >> well, for one thing, when they actually finish it tonight, they can leave. i think there is a desire, certainly among vice president joe biden and minority leader mcconnell and majority leader reid, to show they can do this. in this area, there is a center of leading, the senate likes that they can actually get it done. if they can get it done tonight on the eve of of the fiscal cliff, they can actually say they were able to get it done before we went over the cliff. that they were not so deeply, deeply irresponsible that they actually let us go over the cliff, to hammer a deal out.
so that they're not giving up what the tax revenue could be from the fiscal cliff, in order to just let the republicans take a big chunk out of social security and medicare and without having to compromise further. >> what do you think about the fact that the house left for the night and will be back at noon tomorrow? but the senate really decided to stick this out. whether they vote or not, they're writing the bill right now. what was their incentive to stick around and try to hammer...
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i'm bret baier in washington covering the fiscal cliff issue as the senate democrats are meeting with vice president biden at this hour trying to finalize a deal. trying to move legislation forward that had been negotiated between vice president biden and senate republican leader, the minority leader mitch mcconnell. whether they can get the votes to pass the senate, whether that can then go to the house tomorrow and possibly get the votes to pass the thousand, those are all questions but one thing is clear, the u.s. is going technically over the fiscal cliff tonight set up at midnight. whether washington can stop the economic disaster that may come before wednesday when the markets would have the first chance to react to if something fell apart, that is really the question that the world is watching for. joining me now on the phone, chris stirewalt. you take on all of this as this back and forth has happened and what we are seeing tonight? >> bret, when we look back at how this started we think about the republicans coming back to town after the election, john boehner coming back and
i'm bret baier in washington covering the fiscal cliff issue as the senate democrats are meeting with vice president biden at this hour trying to finalize a deal. trying to move legislation forward that had been negotiated between vice president biden and senate republican leader, the minority leader mitch mcconnell. whether they can get the votes to pass the senate, whether that can then go to the house tomorrow and possibly get the votes to pass the thousand, those are all questions but one...
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. >>> right off the top, breaking news from capitol hill, just two hours from the fiscal cliff deadline the white house has reached adeal with congressional republicans. which thanks for joining us tonight. i'm maureen umeh. the deal would delay harsh spending cut for two months, but it appears the house will not vote before tonight's midnight deadline. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place. we can do this. we must do this. >> reporter: though it is down to the wire. >> it's december the 31st! january 1st is tomorrow, 2013, taxes go up. >> reporter: a frustrated senator john kuhn said the senate should have acted months ago to keep the economy from going off the fiscal cliff. >> i just find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz, you know, i really hope we can get something done here in the last day as we put two people together basically to resolve this. >> reporter: the two people were senate republican le
. >>> right off the top, breaking news from capitol hill, just two hours from the fiscal cliff deadline the white house has reached adeal with congressional republicans. which thanks for joining us tonight. i'm maureen umeh. the deal would delay harsh spending cut for two months, but it appears the house will not vote before tonight's midnight deadline. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the...
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a senior democratic source saying the white house has a deal with republicans to avoid the fiscal cliff. a deal in the senate. however, there are still some questions about senate democrats which is why vice president biden s now and capitol hill we are told by sources to essentially get some of the liberal democrats to sign on to the deal avoiding the fiscal cliff. as you look live at the capitol dome, the light on top of the dome is lit because the congress s in session. but we haven't seen the piece of legislation move forward, the specifics. as you look live, vice president biden walked into the democratic caucus meeting there just beyond where the reporters are standing there by the microphones and said happy new year, happy new year, isn't it great that you all are here tonight. so what about this deal that is shaping up? the house will not be taking it up tonight. they have adjourned for the night and they will reconvene in 2013. actually you noon tomorrow the house will come back. essentially the u.s. will go over the fiscal cliff. but what about this deal that is shaping up and
a senior democratic source saying the white house has a deal with republicans to avoid the fiscal cliff. a deal in the senate. however, there are still some questions about senate democrats which is why vice president biden s now and capitol hill we are told by sources to essentially get some of the liberal democrats to sign on to the deal avoiding the fiscal cliff. as you look live at the capitol dome, the light on top of the dome is lit because the congress s in session. but we haven't seen...
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cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser health news, what the new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devasta
cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be...
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cliff deal done if it does in fact get done. and what i mean by that is this -- it was done in the senate, and then it just went over to the house where house republicans were not interested in voting on it, a one-year extension of this at all, but they were sort of forced to do it because of the way the senate acted. it's not unlike what we'll probably see if the senate votes tonight and the house votes tomorrow. republicans in the senate and house are not going to be happy about it, but it's going to be, as they say here, they're going to get stuck with this bill and they're not going to have any other choice but to bring it up and probably pass it. >> can we assume, dana, that the senators, maybe even the vice president, will emerge from the meeting that is under way right now and come to the microphones that are near you? >> i would love to say yes, but we're getting some signals from democratic leadership sources that harry reid will probably not come and talk to us. however, i have seen this movie before. we're told that h
cliff deal done if it does in fact get done. and what i mean by that is this -- it was done in the senate, and then it just went over to the house where house republicans were not interested in voting on it, a one-year extension of this at all, but they were sort of forced to do it because of the way the senate acted. it's not unlike what we'll probably see if the senate votes tonight and the house votes tomorrow. republicans in the senate and house are not going to be happy about it, but it's...
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gerri: we have been saying, congress will not need the midnight deadline to avert the fiscal cliff. congress will not. the negotiations continue into tomorrow. let's bring in a congressman who will be critical to the process. republican of wisconsin, a member of the house budget cmittee. welcome back to the show. great to see you here. first, breaking news detail i want to get your reaction to. we just heard the vice-president will meet with senate democrats tonight. what do you think that's abou? >> i'm not exactly sure. unless they're having some type of problem with e spending side of the equation, i never have reached some type of agreement on taxes, but know that makes mcconnell was working with vice-presidentbiden on the spending side. and so there may be some person that has to go on the senate democrats to get the bill passed gerri: arm-twisting everywhere. let's talk about this potential deal as it has been outlined to us. we would have tax hikes on folks with incomes above 400,000 if your single, above water and 50,000 if you're a cople. permanent patch to anc, the alterna
gerri: we have been saying, congress will not need the midnight deadline to avert the fiscal cliff. congress will not. the negotiations continue into tomorrow. let's bring in a congressman who will be critical to the process. republican of wisconsin, a member of the house budget cmittee. welcome back to the show. great to see you here. first, breaking news detail i want to get your reaction to. we just heard the vice-president will meet with senate democrats tonight. what do you think that's...